EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2016

The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Numerator:
Net income	$	31,317	$	70,898	$	84,955	$	139,252
Denominator (shares in 000's):
Basic weighted average shares outstanding	68,181		75,000		68,883		75,621
Effect of dilutive securities - Stock options and awards	709		773		686		795
Diluted weighted average shares outstanding	68,890		75,773		69,569		76,416
Basic earnings per share	$	0.46	$	0.95	$	1.23	$	1.84
Diluted earnings per share	$	0.45	$	0.94	$	1.22	$	1.82

For the three months ended June 30, 2016 and 2015, common shares subject to equity-based awards of 810,200 and 556,371, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the six months ended June 30, 2016 and 2015, common shares subject to equity-based awards of 750,209 and 481,831, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.